Living in Raleigh, Durham and Chapel Hill means having access to excellent cultural venues like the Durham Performing Arts Center, the North Carolina Museum of Art and the North Carolina Symphony. It’s a family-friendly area that boasts of children museums, 200-plus parks, a 152-mile greenway system for fun biking and hiking. Not forgetting entertaining sports, with college athletics, professional hockey, soccer and baseball teams.
So, why invest in this part of the country over other regions? In one simple phrase, I can emphatically say, “We’ve got it all!” Not that I’m about to wax nostalgic, or break out in a memorable Sound of Music song, but here are a few of “My Favorite Things“.
PROJECTED GROWTH – The Raleigh-Durham-Chapel Hill area is projected to double in population growth in the next 10-15 years. Also, incoming relocation families are outpacing new construction by a good bit. Properties are increasing in price but remain a value, especially if an investor is looking to buy and hold rentals, or is considering commercial ventures. The facts stack up well, “Four Triangle counties are among the state’s fastest growing since 2010, led by Wake at 16.2 percent and followed by Chatham at 13.8 percent, Durham at 13.4 percent and Johnston at 13.3 percent.” Here are related/supportive articles in relation to our growth: http://www.newsobserver.com/news/local/counties/wake-county/article140293563.htmland http://demography.cpc.unc.edu/2015/11/16/all-congressional-district-boundaries-will-require-adjustment-in-2021-redistricting/
OUTSTANDING JOBS & EDUCATION – With three major Universities (NC State, Duke and UNC), along with Campbell Law School in downtown Raleigh, among others, The Triangle is rich with academic prowess. On the employment front, our High-Tech/Pharmaceutical industrial park, RTP, houses several big name companies like IBM, Cisco Systems, Red Hat (Raleigh), GlaxoSmithKline, Talecris Biotherapeutics (Clayton), IKEA (coming to Cary), Fidelity Investments, US EPA, to name a few. Needless to say, there’s a big draw to the area due to education and job opportunities. Per our local paper, The News & Observer, “Triangle colleges dominate the top half of a new top-10 ranking of colleges and universities in North Carolina.” for 2018. Lots of students that come to the universities end up liking the area so much that many find work here and stay after graduation.
IN THE TOP TEN PLACES TO LIVE – Lastly, our area has been notably cited as being one of the best places to live in the entire US, in fact it’s number 7. Factors include amenities, demographics, economy, healthcare, housing, transportation & infrastructure among other elements. Our local TV station WRAL published a supportive article citing, “Bountiful green spaces, an educated, diverse workforce, and a smattering of craft breweries were all noted in the highlights of Triangle living. Those, along with a low unemployment rate and growing housing market, gave a bump to the rank.” http://www.wral.com/triangle-tabbed-as-7th-best-place-to-live-in-national-ranking/16511376/ Plus, we’re only ~3 hours to lovely, popular Atlantic Coast beaches, as well as spectacular mountains (Smokies & Appalachian Trail).
With so much in this area’s favor, culturally, demographically, professionally, weather and quality-of-life wise, investing in The Triangle is almost as sure a bet as having invested in Bitcoins sometime in 2016 then cashing in on them at the end of 2017. Unfortunately, only hindsight is 20-20.
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ORIGINALLY PUBLISHED: Linkedin – Why The Triangle NC Is A Good Investment – 3 Reasons By: Bob Walton